CTA gets new president

The Chicago Transit Authority has a new president as it faces a big budget deficit.Richard Rodriguez says the CTA faces many challenges in the near future.

"The CTA is just one of many agencies to feel the squeeze of the economic downturn, but the state of the economy also means that meeting the demand for public transit is more important now than ever," said Richard Rodriguez, new CTA president.

During a board meeting on Wednesday, CTA officials talked about the possibility of service cuts and fare increases to deal with a projected $155 million budget deficit. They also approved the appointment of Rodriguez as president.

He had been in charge of the city's Department of Aviation and replaces Ron Huberman who is now the CEO of Chicago Public Schools.